Gold Council: Iraq maintains its gold reserves at 89.8 tonnes

Gold Council: Iraq maintains its gold reserves at 89.8 tonnes

09/10/2016 (0:01 pm) - The number of readings: 87

Baghdad / term

World Gold Council, announced on Saturday that Iraq maintained its gold reserves for the month of October, adding that both China and India are preparing the most consuming countries for this precious metal.

The council said in a report seen by the "long", "The official statistics for the month of October showed that Iraq maintained its gold reserves and did not purchase or sell any amount of gold," noting that "its gold reserves remain stable at 89.8 tons."

He said the council that "these reserves of gold represents 6.9% of its reserves of foreign currency," adding that "Iraq is an Arab occupies the fifth rank in the reserves and 37th place globally."

He added that "the United States occupies the first place in its reserves of gold by 8133 tons, followed by Germany by 3378 tons, while both China and India are consuming more states for this precious metal."

The central bank decided in January 232,014 sic variety of alloys of pure gold ranging between weights (50 g and 1000 g) to sell to traders in gold, investors and segments of society wishing to do so in Iraqi dinars.